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. wind farms and dairy are set to get hit. >> the ports of the east coast and gulf coast are bracing for a potential strike. the potential for this, midnight sunday with a shutdown threatening to threaten 20% of the cargo traffic. >> and instagram feeling the sting of the flap around privacy with users, fleeing the site. how will this impact facebook? >> as we mentioned, dennis berman, "wall street journal" market place editor is joining us here on set once again for the next hour. good to have you back, dennis. lots to talk about between the cliff and other news. >> three days before the u.s. goes over the fiscal cliff, congressional leaders will meet with the president this afternoon. i remember standing on the white house north lawn last month, after leaders met with the president back then. things looked pretty promising. here's what they said after that meeting. >> i believe that the framework that i've outlined in our meeting today is consistent with the president's call for a fair and balanced approach. >> i feel confident that a solution may be in sight. >> it was a construct
are jumping ship. and is there a republican doom's day scenario developing? a southern california port strike is costing $1 billion a day. they are turning down $190,000 salaries. here is the question, will the president end this strike? and tens of thousands of egyptians storming the palace. is egypt about to blow up into a civil war. did president obama disspeaker john boehner in a comment today. >> on the conservative side of the republican party today. with senator demint speaking on the idea that $800 billion of tax increases were offered. but he got the backing of mitch mcconnel. take a listen to what he had to say. >> i think it sis important tha the house leadership is trying to mov move it forward. i had hoped that we would be accomplishing more in the real talks. but i can tell you, there is nothing going on privately that is not going on publicly. even as he has to deal with this rebellion. he has to deal with democrats and harry reid's comments today give you a sense of where they are coming from. >> they have to come up with specific revenue. and they refuse to do that. it is a s
bertha. >> good evening. hopefully it will be averted. the director of the port authority is encouraging the authorities and passengers and cargo airlines to work together and resolve their differences. they want more training and better equipment. the port authority says a strike would be disruptive. and software sales rose 17%. results suggest that it hasn't crimped it spending. and a sweet story about a honeymoon at the waldorf astoria 60 years ago. the hotel honors an veries if you have your receive. he and his wife thought it would be nice to have pancakes for breakfast. but the pancakes were at the 2012 rate which is $24 for room service. $21 for the room, $24 for the breakfast. larry, everything goes up, and this was the second time they did it this year. they had a couple that paid $16.80. >> plus the pancakes. but that is a far cry from the pensional suite which is $8,000 a night. >> the nation still looking for answers after the newtown shootings. right now more information about this mass killer. we are about to talk about all of this with two former fbi profiling experts. tha
. not as much as massive port strike would if no deal is made before this saturday. some are calling it the port's cliff. that's not the only outrage coming from the unions this week. we are going to discuss that next. free market capitalism, best path to prosperity. this is something they learned the hard day the american people are tired of the status quo. >> who are you going to vote for? >> definitely not this guy. >> you know your money got him elected last time. >> i didn't give that guy a dime. >> yeah, you did. our union gave him a big chunk of your dues money. hmm, it says here that cheerios helps lower cholesterol as part of a heart healthy diet. that's true. ...but you still have to go to the gym. ♪ the one and only, cheerios mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insurance quote.
on all of the ports on the east coast of america? >> it would have been fairly significant if we would had a shutdown on all of the ports from the east to texas and it would affect importing, exporting, manufacturers who rely on inputs to production, farmers who are trying to get their products to market overseas, trucking companies who sold jobs to pick up containers at the ports this would have been felt fairly wide throughout the u.s. economy. >> can you put a number on it? can we look at previous shutdowns of ports and what they cost the u.s. economy on a per-dayis bahhis, for example? >> sure thing. when we look back at what happened in 2002 we had a full shutdown on the west coast with a ten-day lockout. that lockout cost the u.s. economy about $1 billion a day and it took more than six months to fully recover from. >> i have to think that a lot of retailers have already tried to make alternate plans because they were fearful this was going happen and so as a result have started to spend money. did some companies start airfreighting stuff instead which would be much more expensiv
strike in the nation's port on the east and southern coast, the first since '77 that could cost retailers and importers billions. businesses now asking its white house to get involved. >>> you can now get the nokia lumia for free, depending on the service provider contract you sign s that standard practice or a sign the company's flagship phone suspect selling well? >>> we will start off with news about the fiscal cliff. congress returning to capitol hill today to try to get a deal done on the cliff before the deadline on december 31st. senate majority leader harry reid is working to see if the scaled backpackage the president laid out last week can get through congress before monday. meantime, treasury secretary timothy geithner says the government will hit the debt ceiling on monday and he is launching an emergency plan to avert a crisis. amm eamon javers is live. what do we know? >> the president is coming back early, a couple days earlier than his vacation. did a little bit of jogging, working out in the gym over his vacation. now he will be,ing would out on this fiscal cliff. the sen
of the day. we do have some movement in the transports today, this in the wake of the news of that port strike has been averted, at least for another 30 days. that was impacting some of the truckers because there was concerns they wouldn't have some inventory to truck around the country. they've turned around and transports actually having retreated yesterday. they did move into the green a little while ago. also look at the consumer discretion nar ris because this is reflecting reaction to the news. strike has been averted as well. keep in mind there are a number of retailers in this group. there were concerns, of course, that a retail supply chain would be disrupted if we had a strike at the ports along the east coast and the gulf of the mexico. in the wake of it being averted for another 30 days we've seen some strength in home depot and lowe's of course. those stocks benefitting from day's news on pending home sales which once again was very strong. the dow up 68 points. michelle, back to you. >>> all right, mary. washington, the country wants to know are you going to rise above or
of the export numbers here. the exports came in at 9% growth. but that was supposed to be a slowdown. tim port numbers came in at zero growth and a lot of people were expecting to see an easing of 2% growth. so the figures that came out really were underscoring people's concerns, especially in the manufacturing sector about the health of the growth demand, specifically to europe as well as to the united states. so the shipments to the u.s. looks pretty bag. they clocked negative growth. this is very rare. and the shipments to europe were even worse. we saw shipments to europe fall by 18% year on year. this is the worst performance that we saw in three years. so overall, peek are quite concerned about the fiscal cliff, they're worried about whether or not the countries in those parts of the world will continue to by chinese aid goods. if you look at those figures in isolation would show a negative picture. however, if you look on the other side, there are some other numbers that were offsetting those trade data figures. we had the factory overput figures over the weekend. retail sales numbers c
to wow savings from banks. >>> and dock workers that we talked at four pacific northwest ports have moved closer to a possible labor clash with grain shippers. meantime, the parties in a larger separate dispute at 15 east and gulf coast ports have agreed to mediation. the ports face a strike deadline set for december 30. >>> and a new jersey pension fund is suing the nyse euro next or its proposed $ 8.2 billion sale to i.c.e., saying it undervalues the company stock. the lawsuit seeks class action status on behalf of other shareholders and aims to block the sale. another case of just -- you know, too many lawyers, too little to do. >>> and -- or not. i'm just -- we should put commentary on that. shouldn't we? but every time any deal is announced, there's always going to be some shareholders that wish they got more. and there's going to be a willing lawyer to say, okay, i'll take the case. >> pretty healthy premium. >> yeah. exactly. but that doesn't mean a lawyer -- >> it may not be enough. >> it's never enough. if you're going to wear a brioni tie. nice. did i out you? >> why, are those
issues like liquidity. >>> and a strike at the port in long beach could cost the u.s. economy $1 billion a day. more details when we come back. i always wait until the last minute. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express ember 22nd for christmas delivery. >>> you'euro slightly firmer agt the dollar. this is bank of france governor says the city of london should no longer be the main trading hub. is he whis links in tling in th is it doable? >> i think if you look at the figures they speak for themselves. at the moment 40% is actually this london compared to maybe 3% in france, 2% in germany, and it's not just that london dominates, but that the long term trend is actually away from france and germany and towards london. so a tough challenge for the ecb. >> so even if eurozone banks -- i suppose can they lean on eurozone banks to move their trading floors to paris and frankfurt. i don't know. >> that's true. and the fact is with currency, it's not just abou
of the ports of los angeles and long beach. striking clerical workers and longshoremen who refuse to cross picket lines will be back on the job later. shippers and the union agreed to federal mediation on tuesday. the clerks have been working without a contract for two years. the strike shut down ten of the port's 14 terminals, backing up several ships waiting to off load their cargo. >>> still to come, egyptian president morsi has returned to work just a short time ago after leaving the palace during protests last night. we'll have the very latest from cairo when we come back. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. >>> a recap of the headlines. the fiscal fight rages on in washington as republicans try to fend off an internal divide. shanghai stocks jump after china's government plengs to support pro-growth economic r
,s that actually have a much happier ending. there is a deal to end the eight-day los angeles port strike. striking harbor clerks reached a tentative settlement with management with the ports of los angeles in long beach last night. that strike idled most of america's strongest cargo complex. i think the strike originally started on november 27th. if you think it's not a big deal, there's a billion dollars in goods that goes through this port every single day. it's the largest port in the united states and it was affecting not only that port and all of the ships that had been sitting out waiting to get in with those goods. also truckers who come in and bring those good across america. they had been idled, too. it looks like the port is going to be open once again today. >>> also today is expected to be a big day of protests in egypt. this is video that you're looking at right now from cairo's tahrir square earlier this morning. things were quiet when this video was taken, but expected to be much different later on. television stations across the country planned to go dark today, joining a growing l
cormick. this is the one. larry in washington, larry? >> caller: boo-yah from port angeles, washington, jim. >> i'm liking that. >> caller: what do you think about american axle? you recommended that a few months ago, are you still hot on it? >> yes, i am. i think that is absolutely terrific. it's going to be big, the trucks port is going to be big. i like it. i want to own it. now let's go to emile in new york. emile? >> caller: hi, jim, how are you doing? >> couldn't be better. how about you, partner? >> caller: doing great. what are your thoughts on a long position in tdg for the upcoming year? >> oh, man, come on, aerospace, i love it. the stock is up 50%. >> buy, buy, buy! >> i think it's a terrific stock and i want you to own it, particularly if it gets any weakness. i want you to buy, buy, buy. and that, ladies and gentlemen, is the conclusion of the "lightning round." >> the "lightning round" is sponsored by td ameritrade. >>> coming up -- waiting for washington to rise above? get your portfolio prepared for whatever happens call, tweet, or e-mail and find your way to the latest edition of "am i d
ports from massachusetts to texas. >>> stock prices have doubled since march '09 and that hasn't stopped american investors from selling stocks five gleers a row. an associated press analysis shows individual investors have pulled at least $380 billion u.s. stock funds from april 2007 and it's the first time ordinary investors have sold during a bull market since world war ii. >>> mortgage rates headed down last week according to freddie mac. the 30-year fixed rate average was 3.35%, just 0.04% from the 40-year lowest on record since 1971. the average on 30-year fixed rates was 3.66%, the lowest in 65 years. michelle, it seems like a good time to buy. >> yeah, maybe. >> thank you, seema, if you can get the loan. >>> why when we just upgraded their trade status in we're about to get answers from a russian expert just ahead. [ male announcer ] this december, remember -- you can stay in and share something... or you can get out there and actually share something. ♪ the lexus december to remember sales event is on. this is the pursuit offection. report. i'm michelle caruso-cabrera. >> gun
a good day today. we had these mini strikes but the ports are showing strong trafficking. if you can find companies like google and apple, you would stay with apple? >> absolutely. one of the great bragrands domit here, apple will do well. >> you are saying, keep your eye on the longer term. don't look at every breath for this clip business. try to have a long der term. >> if you are trying to dance aren't what a politician is saying over here. in guesting for the long-term you have to look three or five years out. >> all right folks the real divide in america is not just the rich and the poor it is between private and public workers. don't think the folks haven't figured that out. we have an eye opening poll for you on that subject. stay with us please. work hard . since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one rela
or the bears? the traders' take ahead of the opening bell. a port strike is looming. we'll ask retail federation matthew shay about the billions of dollars that could be at stake. plus, what he thinks of the holiday retail numbers. let's look at the futures as we head to the opening. [ male announcer ] how do you trade? with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. seven dollar trades are just the start. try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. it's another reason more investors are saying... to the best vacation sp(all) the gulf! it doesn't matter which of our great states folks visit. mississippi, alabama, louisiana or florida, they're gonna love it. shaul, your alabama hospitality is incredible. thanks, karen. love your mississippi outdoors. i vote for your florida beaches, dawn. bill, this louisiana seaf
's busiest port since a 10 day lockout by longshoremen in 2002. and this one is taking place after the busy pre-holiday shipping season. major retailers unexpected, but asking president obama for intervene. and it seems justin bieber may not know his banking history. the teen idol was asked to lead a ping-pong tournament and asked why does he get the room and not us, suggesting the pop star's unaware that jpmorgan actually deceased some time ago, a jpmorgan apologized for the confusion saying bieber is welcome to play ping-pong with us anytime. any way, on to japan. to japan now. qualcomm will be taking a stake in sharp. the story for us from tokyo. >> the deal will see the two uses sharp technology. sharp will receive $61 million from qualcomm by the end of this year which wou year, but the chip maker will also make additional investment the in the future if the partnership turns out to be successful p. the nikkei reporting the total amount of investment would be around $22 million which would give qualcomm a roughly 5% stake in sharp. sharp likely to post its second consecutive net loss f
time off today, making headlines the threat of imminent labor unrest at these ports. there are four pacific northwest ports. it's been averted. the dock workers union says its workers will stay on the on job despite substandard controls. both sides are leaving the door open to further negotiations. meanti meantime, about 15 container cargo ports on the atlanta and gulf coast are bracing for a strike by nearly 15,000 union dock workers on december 30th unless shippers extend their contract. and commerce on a key stretch of the mississippi could be halted earlier than expected next week due to low water levels. this could disrupt shipment of grain and other goods and it could do it for months. shippers have been watching a street of the mississippi between st. louis and cairo. and you never know if you were pronouncing it right, some of these others like bagoda or lima, ohio, or versailles. you never know but i think it is cairo, illinois, due to concerns about potential closers.ñ >> i'm not looking at you. >> all week on cnbc we've been focusing on the prospects for 2013. sheer is s
ports. a work stoppage to cost the economy $1 billion a day. it's friday, december 28th, 2012. and "squawk box" begins right now. >>> good morning and welcome to "squawk box" here on cnbc. and it does feel like we're living a bit on the edge of the fiscal cliff, at least. i'm andrew ross sorkin along with joe kernen and becky quick is off today. our guest host this hour, ed kehone. he's the management associate portfolio manager and we are thrilled to have ed aboard for -- i think you'll be here for longer than an hour. you'll be here for the whole broadcast. >> as long as you need me. >> you're like -- how long were you at -- you were at prudential. >> it's owned by prudential, so i've been at peru don'tal for almost 15 years now. >> widely quoted. you know who has made a comeback is ralph -- >> akampora. >> i've seen him around. do you remember his nickname? >> i don't. >> whatever you think of him, he's a great guy. >> he's a good guy. >> ed is going to try to make us slightly -- >> be a little sensitive. let's get you some some of the morning headlines. the biggest one bei
in places like washington, d.c., new york and los angeles. and the strike at the port of los angeles long beach is entering its seventh day this morning. contract talks between clerical workers and shippers have resumed. the walkout is dramatically slowed activity at the nation's a busiest cargo complex, dockworkers have refused to cross picket lines. >> this is a big deal. i don't know if you think this will have economic impact down the road. national retail federation is worry that had it will spread to the east coast just ahead of the christmas holidays when so many people are out shopping. really a bad time for them. >> it could. l.a. and long beach, biggest port in the united states. >> did you see on the waterfront? you don't mess with -- >> it's the clerical workers that are striking. >> it is? i'm not afraid of that. >> the dock workers don't want to cross the picket line of the clerical workers. >> oh, i'll cross that line. i thought it was the guys with the big boxes and they drop boks on you if you cross that -- will do you remember that? >> i lived in hoboken and i saw parts
bank. your money needs an ally. ♪ >>> talks to end a seven-day strike at the port of los angeles in long beach, california, intensifying this weekend with no resolution. jane wells is live at the port of los angeles with the very latest. jane? >> reporter: hey melissa. negotiations are expecteded to start up again this morning but that's not stopping the strike. you have 800 clerical workers that walked out after not having a contract for over two years. it's the longshoremen honor the picket line that has brought everything to a standstill. the national retail federation is asking the president to interve intervene. the work stoppage is increasing shipping costs a billion a delay. each day of the strike affects 0.1 of 1% of far east north american shipping volume. an east port strike is also looming if an agreement is not reached by december 29th. cargo airlines, china, korean air and the union is striking to make sure that jobs performed by union workers stay union jobs after these workers retire. management says they don't want to do that. they call it featherbedding and claim
of clearwire's board that is -- >> review this conflicted, not conflicted. free port. >> not free port. they are going to weigh in. do you get something that might be higher than 2.90? certainly could argue you go up. 500 until synergies, you are talking 750 million shares. dollar-wise, given everything already put in here, everything happening, it is not that significant in terms of actual money but at the same time, you know, they are not going to go well above 3 bucks. >> at the end of the day, does this help sprint compete better the verizon tremendously? >> it does. but even more deals they need to do down the road. >> this is national footprint, not available to sprint without clearwire. >> correct. their strategy all along. i should point out, my sources indicate that if and when do you get a clearwire deal agreed to, you still would not see it closed potentially until june, just so people know. a lot of state approval is needed in this. the de the deal closes in april. something down the road to look at to your point, melissa to add more of that important bandwidth and spectrum
walk off the job at 15 ports at 12:01 a.m. on december 30th. this includes the port of new york and new jersey, which is the largest on the east coast, handling more than $200 billion worth of goods in 2011. a lot of that from china. the basic issue is this. there are container royalty fees which supplement wages. the employers want the amount capped. the dock workers do not. this is such a big deal florida governor rick scott sent a three-page letter to the president late last week urging him to intervene, quote, the predicted effects of a strike on the state of florida would be devastating. it currently generated 550 direct and indirect jobs in florida and contributes approximately $66 billion in economic value to florida's economy. governor scott invoked the taft-hartley act that says the president can intervene with labor disputes that, quote, imperil the national health or safety, end quote. the u.s. mx said the stoppage in the west coast a decade ago cost the economy about $1 billion a day. reportedly the unions offered to extend the contract through january was rejected. if there
of florida callers lately. joe? >> caller: this is joe from port st. lucie, florida. how are you doing? >> well, i'm getting ready for the mets season, new players coming. >> caller: we need it bad. >> all right. >> caller: i have a question for you, stj, st. jude medical. >> oh, man, they've been crushing that baby, haven't they? >> caller: i can see they said they were going to buy back some stock, 10%. >> yeah, you know what? we're going to take a pass. because unless we have a good fundamental story, we're not going to be encouraged by a buyback. what happens is the story gets worse and we can't just say, oh, well, they've got a buyback. we need fundamentals. that device business i don't really like right now. is it wall street versus washington? there are tons of reasons for doom and gloom. they're taking too long to rise above. but there are still ceos who are out there trying to get you to live long and prosper. "mad money" will be right back. >>> coming up -- secret garten. with fiscal cliff concerns swirling -- >> it's not a game i will play. >> cramer's trying to protect your
, including the hostess twinkie companies, the ports of los angeles and out on the west coast. we have obama in the white house. the unions are going whild here. in all seriousness, i don't think unions are any more placid here than they are in china. >> but in china, workers go out on wildcat strikes all the time. foxconn which manufactures about 97% of apple's products, they've been really subject to labor troubles, from suicides to strikes. so i think apple is starting to see that there are some really important economic reasons to manufacturing. they're not the only company doing that. >> is it robots they're going -- i was told that apple is going into a plant in the u.s. that's a robotic plant so american workers aren't really going to be hired. >> last year in foxconn, they had 10,000 robots. if you have robots, china's cost manufacturing advantage is really nil except for chinese consumers. >> as long as we keep drilling for natural gas and we have the shale revolution, that's going to make us more competitive. i'm not making a case for china. i'm just a little interested in the appl
>> caller: hello, jim, a big booyah from port st. louis lucy, florida. thanks for all the help you've give mean over the years. i wish you continued good health. >> very kind. what's going on there? >> caller: okay. i own precision drilling, pbs a long time. do i stay to own it or sell it? >> i'm a big quality guy. if you're going to be in that killing game you want to be in slum burger, alias buy meaning slumber j. best in in breed. no one ever did wrong by going best if breed. mike in illinois >> caller: booyah, mr. kram. >> what's going on? >> caller: merry christmas to your and your staff. listen what's this mass welcome the biomed, admd? >> i wish i knew. without talking to the ceo directly on the show i can't make head or tails of what is really going on with that company. i did that once with this quest corps. i need more information. i would like mr. weber to come back on the show so we can get some questions answered, abmd. lets go to jason in minnesota. jason >> caller: dana holding corps, symbol dan. sell of buy more? >> i don't care -- i prefer dana from homeland more than i li
. the union represent more than 14,000 workers at more than a dozen ports from boston to houston. the key sticking point -- container royalties or payments to union workers based on the weight of cargo. >>> now back to the markets. before the break, we told you about the best performing emerging markets this year. but -- emerging markets this year. the third best performing market this year is estonia, up 36.51%. and at number two is pakistan with the karachi stock exchange 100, up 49% for 2012. and the best performing market so far this year is turkey's ise national 100 index. up 52.26% this year. now our next guest says a play in the emerging markets could be a good bet for a successful 2013. joining us now to highlight the key markets to watch around the globe is ron shaw, managing partner at gina ventures. how are you doing? >> good. good morning. >> very good morning to you. did santa bring you everything you were hoping for? >> that and then some. >> that and then some. good. let's talk about emerging markets now. i've spoken to you a lot about how in the last couple of years, of co
cliff as unions are threatening to shut down ports along the eastern seaboard. also, we peer in netflix's christmas eve outage. what does it mean for the company, for the stock? and what did it mean for movie theaters that evening? also, herbalife is getting legal muscle to combat bill ackman's short posture against the company. the question is whether or not it's going to come to reinvestors. i'm down here at the stock exchange. back to you. >> lovely to see you, as ever. thank you very much. >>> gold trading close. we showed you a few moments ago t goldman sachs commodity index barely hanging on to gains this year despite a lot of losing bets, investors are still pumping billions into the sector. jackie deangelis is looking at the winners and losers. >> good afternoon. what we have seen a bit of a correction in commodities. if the index ends the year a little lower, it will be the first decline we've seen since 2008. but you're right, the commodities saw a lot of interest this year. money invested in commodity funds is up 86% year over year according to epfr global. what were some of
this morning. about 18 for us nasdaq and nearly 10port s&p 500. this on news that president obama has made a new offer to house speaker john barrier as they try to avoid the fiscal cliff. the president is now reportedly seek to go extend the bush era tax cuts for those making below $400,000 a year, up from his previous threshold of $250,000. for more on how this all might play out, pleased to be joined by greg ipps. hi, greg. so how does this latest news, these talks square in with your baseline view of was going on happen here? >> kelly, i think this is pretty good news. up until last friday, we had seen slow movement towards each other's positions by john boehner and barack obama. we had not seen any give on either side in their key issues. yet in the last few days, all this has changed. over the weekend, john boehner apparently came back to the white house and said he would be willing to consider higher tax rates on people making over $1 million. the president responded and said why don't we make it $400,000? that was an important concession from both sides. the president wanted to rais
strike as more than a dozen ports along the u.s. east and gulf coast stretching from maine to texas. more than 14,000 long shoremen could walk off the job when their contract expires on saturday in a long running pay despite for shippers. the biggest shipping point is over container royalties which are paid to union workers based on cargo weight. a strike could hurt u.s. exports, factories and affect retailers waiting for shipments of spring merchandise. >> noise of flights have been canceled in the u.s. northeast as a powerful winter storm has brought heavy snow and winds across the region. over a dozen people have reportedly been killed as a result of the storm. joining us now for more from the weather channel is reynolds wolf. he is a meteorologist. reynolds, what can you tell us about this storm? and just how much more people might need to brace for? >> well, i've got some very good news for you, some bad news. the good news that we have for su that storm system is dying out. that's the good news. so there's very little left, maybe some residual snow showers in parts of the northeast.
and hanukkah is over. you have to start shopping for the next day. that will be constrained because of the port strike. >>> when we come back, house majority whip kevin mccarthy did sign this offer from the gop. can he convince the white house to back the republican solution to the fiscal cliff? one more look at futures on a tuesday morning as melissa said. not a lot of data today. just wait until the next three days. it all starts with adp, jobs coming up later this week. more "squawk on the street" back in a minute. bob, these projections... they're... optimistic. productivity up, costs down, time to market reduced... those are good things. upstairs, they will see fantasy. not fantasy... logistics. ups came in, analyzed our supply chain, inventory systems... ups? ups. not fantasy? who would have thought? i did. we did, bob. we did. got it. >>> shares of toll brothers are rising beating estimates helped by a jump in signed contracts and a drop in cancellation rates. every metric in this report came out gangbusters and the ceo cited this upswing in momentum that began in the first quarter of th
strike on the atlantic and coast could be just days away. port operators have been negotiating with the long shoreman association since march. but the two sides are said to be far from closing on a deal that would cover cargo handling at 15 ports, a 9d 0-day extension to an employment contract. the union has said 15,000 long shoremen could strike a day later. rick scott sent a letter to president obama asking him to invoke federal law in order to invoke a cooling off period. i don't know what the likelihood of that is. i don't know what the president might do. do you think he would -- >> wow. that's a lot of red. >> you step out. you like to step out. you like to make statements, right? >> it's the holidays. >> i'm aware of that. >> you're wearing a red tie today. >> a shirt and a tie. that's usually what i go with, some type of shirt, some type of tie. no bells and whistles. this is your thing. whether you have bracelets -- one of those things is measuring your heart right right now. how is it? >> it's measuring my -- >> your calorie intake? >> my pressure goes up when i'm wit
in that port there pending payment by lawyers representing jobs' estate. >> you know what? i got to tell you, i had a dinner, we were talking about this a month and a half ago. >> i remember you telling me about that. >> still to come this morning, the "squawk box" trading block is going to get you ready for the trading day ahead. the top of the hour, we've also got former council of economic advisers austan goolsbee. he's going to join us. "squawk" is coming right back. >> up next, blackberry's ceo thorsten heins on the company's quarterly results, and the future of blackberry. it's an interview you can't afford to miss. and it's right here on "squawk box." >> move over sleeping cat videos, this will be the year of professional videos. so youtube will invest more in its digital studio partners, helping them draw viewers and add dollars. >> on the flip side, broadcast networks will invest more in sports and live events. the only content not threatened by growing online options. the landmark net flex/disney deal lays the foundation for a high stakes distribution battle with digital companies lik
to a "squawk" icon for insight into the market's reaction. joining us from new port beach is mohamed el-erian, ceo and co-cio at pimco. this is the first time that we've spoken to mohamed since president obama picked him to head the u.s. global development council. so mohamed, congratulations on that, first up. >> thank you, becky. happy new year. >> happy new we're to you, too. we are right about to go over the fiscal cliff. is this the end of the world or not, mohammed? >> it's not the end of the world. but it's not a good thing. what are the two things that anybody watching your show comes away with? dysfunction and polarization. the dysfunction in the sense that our congress can't get together to do the basic thing. and polarization in the sense that no indication that it will get better. so think of this very simply. if you are an investor, if you're running a business and you have to make decisions over a number of years, the uncertainty premium goes up. which means you price out certain investments in plants, in equipment, hiring, which is not good for the economy, not good for c
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